Other things equal, the higher the interest rate paid on term deposits, the ________ funds that are available in banks' reserve accounts and the ________ the potential for expanding the money supply
A) more; greater
B) more; lower
C) fewer; greater
D) fewer; lower
D
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Unless otherwise indicated, when economists or investors refer to the interest rate on a financial asset, they referring to the:
A) current yield B) coupon rate C) yield to maturity D) prime rate
If the market price in a competitive market is below the minimum of average variable cost, the firm will shut down
Indicate whether the statement is true or false
The human-capital theory of education maintains that workers who complete specific levels of education enhance their productivity through education
a. True b. False Indicate whether the statement is true or false
Opportunity cost measures the trade-off between two goods that each producer faces
a. True b. False Indicate whether the statement is true or false